National Insurance Contributions

Class 1 employee 16/17 17/18
  Employee Employer Employee Employer
NICs rate 12% 13.8% 12% 13.8%
No NICs on the first:
Age under 21/25 for apprentices
Age 21/25 & over

£155 pw
£155 pw

£827 pw
£156 pw

£157 pw
£157 pw

£866 pw
£157 pw
NICs rate charged up to £827 pw No limit £866 pw No limit
2% NICs on earnings over £827 pw N/A £866 pw N/A
Certain married women 5.85% 13.8% 5.85% 13.8%


 

  16/17 17/18
Employment Allowance £3,000 £3,000
Per business. Not available if a director is the sole employee

Limits and thresholds 17/18
Weekly Monthly Annual
Lower earnings limit £113 £490 £5,876
Primary earnings threshold £157 £680 £8,164
Secondary earnings threshold £157 £680 £8,164
Upper earnings limit and upper secondary earnings threshold (under 21 or apprentice under 25) £866 £3,750 £45,000

 

Class 1A Employer 16/17 17/18
On most taxable benefits provided to employees and directors 13.8% 13.8%

 

Self-employed 16/17 17/18
Class 2
Flat rate £2.80 pw £145.60 pa £2.85 pw £148.20 pa
Small profits threshold £5,965 £6,025
Class 4
On profits £8,060 – £43,000 pa: 9%
Over £43,000 pa: 2%
£8,164 – £45,000 pa: 9%
Over £45,000 pa: 2%
Voluntary
Class 3 Flat rate £14.10 pw £733.20 pa £14.25 pw £741.00 pa
     

 

 

© Copyright 8 March 2017, subject to Finance Act 2017. For information only.
Always seek professional advice before acting.